Brookfield Real Assets Income Fund Inc. Stock Forecast

Brookfield Real Assets Income Fund Inc. stock upgraded from Sell Candidate to Hold/Accumulate after Friday trading session.
(Updated on Apr 19, 2024)

RA Signals & Forecast

A buy signal was issued from a pivot bottom point on Monday, April 15, 2024, and so far it has risen 1.80%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Brookfield Real Assets Income Fund Inc. stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $12.80. On a fall, the stock will find some support from the short-term average at $12.43. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss for Brookfield Real Assets Income Fund Inc. stock

Brookfield Real Assets Income Fund Inc. finds support from accumulated volume at $12.46 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.0500 between high and low, or 0.401%. For the last week the stock has had daily average volatility of 1.27%.

Our recommended stop-loss: $11.74 (-5.83%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 4 days ago.)

Trading Expectations (RA) For The Upcoming Trading Day Of Monday 22nd

For the upcoming trading day on Monday, 22nd we expect Brookfield Real Assets Income Fund Inc. to open at $12.48, and during the day (based on 14 day Average True Range), to move between $12.35 and $12.59, which gives a possible trading interval of +/-$0.120 (+/-0.96%) up or down from last closing price. If Brookfield Real Assets Income Fund Inc. takes out the full calculated possible swing range there will be an estimated 1.93% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $12.46 (0.08%) than the resistance at $12.86 (3.13%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Brookfield Real Assets Income Fund Inc. stock A Buy?

Brookfield Real Assets Income Fund Inc. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: -0.586 Hold/Accumulate Upgraded

Predicted Opening Price for Brookfield Real Assets Income Fund Inc. of Monday, April 22, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.